News and Analysis

News and Analysis (15560)

QBE 2Q REVS ABOVE $128M?

 Revenue for QuickBooks Enterprise for Intuit’s second quarter ended January 31 appears to have been for than $128 million, based on statements made during this week’s earnings call.

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PRODWARE REVENUE DOUBLES

 Acquisitions pushed revenue for France-based reseller ProdWare up 102.1 percent for the year ended December 31. Pro forma annual revenue for the Dynamics VAR “approaches” 700 million euro (approximately $747 million), the company said in a press release.

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SAP PICKS AI EXEC

SAP has named Philipp Herzog to the newly created role chief artificial intelligence officer.

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ALTA VISTA, DIGITEK MERGE

 Alta Vista Technology is merging with Digitek Solutions are merging effective March 1, with Alta Vista as the surviving company.  As both are portfolio companies of Evergreen Services Group it leads to the question of the future of Evergreen companies, Alliance Solutions Group, Strategic information Group, Third Wave Business Systems.

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PROCORE’S ENTERPRISE BIZ GROWS

 Enterprise-level customers represent an increasing part of the business of Procore Technologies, CEO Tooey Courtemanche said during the company’s recent webcast for earnings for the year ended December 31.

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CRESTWOOD PICKS CEO

Crestwood Associates, which is based in Park Ridge, Ill., was named Jason Sheaffer as CEO.

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B’BAUD TOUTS LONGER SUBS

Blackbaud says this week its move to three-year contracts for its software is highly successful.

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SAGE’S N. AM PREZ LEAVES

Aziz Benmalek, who has served as president of Sage’s North American operations, has left the company.

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ALITHYA REVS OFF 7.9 PERCENT

 When execs stress sequential quarterly growth and margins in an earnings call, it’s signal that revenue is down year-over-year even if you don’t see the numbers.

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AVALARA’S KUSHNIRUK RETIRES

 Marshal Kushniruk, EVP of corporate development, is retiring after more than 20 years with Avalara.

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